The cryptocurrency market in 2024 is characterized by a cautious yet optimistic outlook due to important developments and expected events. The stability observed in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), which have been trading sideways throughout the year, is a departure from their typical volatility. This period of relative calm was disrupted by a positive uptick in the last quarter of the previous year, which signaled a potential shift in market dynamics. The approval of a Bitcoin spot ETF, expectations for an Ethereum ETF, and the upcoming Bitcoin halving are key drivers of this optimism. Expected events…
Author: Crypto Flexs
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After Bitcoin (BTC) bottomed out in its 2018 bear market, a trader believes one Ethereum (ETH) rival is poised for a big rally. Solana (SOL) appears to have completed the ABC correction, pseudonymous analyst Bluntz told his 238,500 followers on social media platform X. Bluntz said he now expects Solana to begin a new five-wave rally that could see SOL take profits of around 50% from current prices. “SOL recovered breakdown range, now basically confirmed up to $150+. The bear is trying to learn the true meaning of pain.” source: Blunts/X Analysts practice Elliott Wave Theory, a technical analysis approach…
Today, Google revised its advertising guidelines to now allow the promotion of products from cryptocurrency trusts, such as Bitcoin Exchange Traded Funds (ETFs). Spot Bitcoin ETF issuers like BlackRock and Franklin Templeton have wasted no time marketing their funds, with ads already starting to appear.This revision comes at an interesting time as the discussion around Bitcoin ETFs continues to gain momentum after the U.S. Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETF in the United States. Google’s decision to allow advertising for Bitcoin ETFs gives these financial products a much broader reach and exposure to a wider…
According to Kitco on January 29, TD Cowen’s Washington Research Group predicted that a spot Ethereum ETF would not win approval this year.The U.S. Securities and Exchange Commission (SEC) should soon decide on proposed rule changes that would allow spot Ethereum ETFs to be listed and traded on stock exchanges. TD Cowen argued that approval was unlikely:“(The SEC) could ultimately reject the rule change, which would lead to new filings or litigation. Either way, it would take another year or two to proceed.”In that case, approval of an Ethereum ETF is unlikely to occur until late 2025 or early 2026,…
French Hill, a senior Republican, said he was optimistic about the prospects for legislation regulating stablecoins and a bill focused on market structure in 2024. He is also ready to hear the views of top Democrats on illicit finance. The Arkansas Republican cited clarity on the Stable Currency Act and the 21st Century Financial Innovation and Technology Act, introduced last year by the House Financial Services Committee, at an event hosted by the Defense Democracy Foundation on Monday. “I remain optimistic that the bill will come to fruition in 2024,” Hill said during the panel discussion. “I’ve been very pleased…
A much-anticipated upgrade to add smart contract functionality to the Stellar blockchain has been delayed beyond its initial target of January 30. The Stellar Development Foundation (SDF) has requested that the upgrade be withdrawn after a bug was discovered that could have caused problems with fee increase transactions. TLDR A bug has been discovered in Stellar Core software that may affect smart contract applications after upgrading to Protocol 20. The Stellar Development Foundation now plans to postpone and “disarm” validators from voting on the upgrade on January 30th. Other validators can choose to upgrade once quorum is reached, but at…
January 29, 2024, Phoenix, USA, Chainwire Devour, the innovative next-generation web3 food ordering and engagement platform, today announced the addition of the following features: paul barron As a strategic advisor. Barron brings a wealth of experience and expertise across technology, media, and web3, making him a valuable asset to the Devour leadership team. Barron is the CEO and analyst of the Paul Barron Network, a multimedia platform that educates and inspires audiences about the future of technology. With more than 20 years of experience in computer science, consumer science and digital media, Barron leverages his deep knowledge to create engaging…
Solana has developed a bear market structure. Liquidity above $100 may drag the price before a reversal. Solana (SOL) has been stuck in a downward trend for the past month. The price fell from $126 to $79 on January 23, but a recovery appears to be underway. Despite a 23% gain last week, the technical structure remains weak. In other news, Solana recorded the third highest NFT sales volume last week. However, this impressive performance may not guarantee positive price performance in the coming days. Discuss the impact of recent breakouts As mentioned earlier, Solana’s price has been steadily declining…
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*disclaimer: None of this is meant to be slight to any particular customer. Each client and even specification is likely to have its own oversights and bugs. Eth2 is a complex protocol and the only people implementing it are humans. The point of this article is to highlight how and why risks are mitigated.* With the launch of the Medalla testnet, people were encouraged to experiment with different clients. And from the beginning we saw why. Nimbus and Lodestar nodes were unable to handle the workload of the entire testnet and became stuck. (0)(One) As a result, Medalla failed to…